$ARK, The Bleeding Continues…
Weekly
Looking at our trend timeframe we see price continuing to head towards the downside with no signs of slowing down. Lower high formed at our 25000 resistance, momentum not showing any signs fo slowing down. Expecting price to test our 15000 support zone, followed by a lower high and another push towards our 10000 support.
Daily
Shifting over to our pattern timeframe we see price in favor of bears with no signs of reversal, lower high formed at 23000. Momentum not showing any signs of slowing down, looking for a lower low to form near our 10000 support zone. Sitting on hands until price reaches this point or we see a daily close above 23000.
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